Falabella’s Tender Offer

Cleary Gottlieb represented J.P. Morgan Securities LLC and Santander US Capital Markets LLC, as dealer managers, in a cash tender offer by Falabella S.A. (Falabella) for any and all of its 3.75% senior notes due 2027.

The tender offer was launched on March 12, 2025, expired on March 20, 2025, and settled on March 25, 2025.

Falabella operates as a multiformat retail company with brick-and-mortar and online platforms, combining growth, profitability, and sustainability in six business areas: department stores, home improvement, supermarkets, financial services, real estate, and marketplace. Falabella has operations in Chile, Peru, Colombia, Argentina, Brazil, Uruguay, and Mexico.